AU Evening Wrap: ASX Closes 0.5% Higher, Led by Lithium and Iron Ore Miners
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• Top gainers: $Paladin Energy Ltd(PDN.AU$, $IEL FPO(IELCD.AU$, $APM Human Services International Pty(APM.AU$
• Top losers: $Telix Pharmaceuticals Ltd(TLX.AU$, $Judo Capital Holdings Ltd(JDO.AU$, $Brambles Ltd(BXB.AU$
- moomoo News AU
• Top gainers: $Paladin Energy Ltd(PDN.AU$, $IEL FPO(IELCD.AU$, $APM Human Services International Pty(APM.AU$
• Top losers: $Telix Pharmaceuticals Ltd(TLX.AU$, $Judo Capital Holdings Ltd(JDO.AU$, $Brambles Ltd(BXB.AU$
- moomoo News AU
Australian shares rose on Friday for the second consecutive session, buoyed by miners, after investors cheered the passage of legislation by the US Senate to lift the government's $US31.4 trillion ($49.5 trillion) debt ceiling.
On the week, however, the local sharemarket posted a weekly loss of 0.1 per cent.
Bullish sentiment about the main steel ingredient, on hopes that China may announce stimulus measures to boost its slowing economy, lifted shares in the mining sector. Iron ore futures for delivery in July on the Singapore exchange rallied 1.3 per cent to $US103.45. $BHP Group Ltd(BHP.AU$ rallied 2.8 per cent to $43.25. $Rio Tinto Ltd(RIO.AU$ rose 2.5 per cent to $110.15 and $Fortescue Ltd(FMG.AU$ advanced 1.7 per cent to $19.69.
Lithium miners also rose, tracking a rally in the white-metal prices. $Core Lithium Ltd(CXO.AU$ jumped 3.9 per cent to $1.08, $Pilbara Minerals Ltd(PLS.AU$ added 3 per cent to $4.47, $Allkem Ltd(AKE.AU$ advanced 3.2 per cent to $14.77, $IGO Ltd(IGO.AU$ rose 2.5 per cent and $Mineral Resources Ltd(MIN.AU$ gained 1.8 per cent.
Still in the commodity world, $St Barbara Ltd(SBM.AU$ shares leapt 5.4 per cent to 58.5¢. The gold miner recommended that shareholders vote in favour of the Genesis acquisition offer for its Leonara assets rather than accept a rival bid from $Silver Lake Resources Ltd(SLR.AU$.
$Paladin Energy Ltd(PDN.AU$ shares vaulted 10.7 per cent to 67¢ after the Namibian government clarified its position on taking stakes in mining and petroleum companies.
The $S&P/ASX 200(.XJO.AU$ closed up 0.5 per cent, or 34.3 points, to 7145.1. The All Ordinaries advanced 0.6 per cent to 7331.2.
S&P/ASX 200 Movers for Friday (2/6)
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2. Search for and tap on ".XJO"
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2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (2/6)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, The Market Herald
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